No individual presentation on agendized or non-agendized items shall be for no more than two(2) minutes and the total time for this purpose shall not exceed fifteen (15) minutes.  Speakers requesting translations will have four (4) minutes to present.  

The Board will hear public comments, and Identify next steps as needed.

Recommended Action: The Finance Committee has reviewed these materials and recommends approval of the check register as part of the Consent Agenda

Link to the Check Register:

• https://drive.google.com/file/d/1aTOpexgBkZAZHILbIcs0A50S7DKaMT7A/view?usp=share_link

Pre Reading:

• CEO Reflections and Update:    
  • Link: https://docs.google.com/presentation/d/1G7jeoRw_7sVi2qwcBL3g3dBdXKx8YeETHq00b5VwpTM/edit#slide=id.g20160336a8d_0_1

Summary and Questions about the Pre Reading:

• Questions/Feedback from the Board

Determine Next Steps for CEO/Board:

Pre Reading:

• Results from our Family Surveys from Lighthouse and Lodestar: Dashboard Results   
  • Link: https://docs.google.com/spreadsheets/d/1C9gqePB1hxqrSWEmkmfIxEE-jy5Mx80mBtBV089QSgQ/edit#gid=735745387
    • See All Schools, Lighthouse, and Lodestar Tabs
    • Score is on a 4 point scale; Survey instrument - California Healthy Kids Survey (CHKS)
• LCPS Academic Leadership Team Stepback:  
  • Link:  https://docs.google.com/presentation/d/1ylLESJlcA0sk1GbFYfqfPShlKluYbaUMatOx_QO-_ow/edit#slide=id.g20714574755_0_70
    • This is the academic team "step-back document" with Elementary and Middle/High School notes in preparation for the next 6 week cycle.  

Summary and Questions about the Pre Reading:

• Questions from the Board  

Determine Next Steps for Staff / AAC / CAO:

This presentation covers a few critical updates:

• Our Finance Dashboard, including Bond Covenants
• Second Interim Presentation presentation details the aggregate financial picture for our three LEAs as we will approve our Second Interim Financial report that we will share with OUSD, our charter authorizers.  
  • Second Interim Highlights and Budget Revision variables
  • Comparisions:  June 22, Oct 22, Nov 22, and Feb 22.  Spending and FTE analysis
  • Second Interim vs. Year to Date Revenue and Expense comparisons
• Our first quarterly report for our Bonds

Presentation Link:   https://docs.google.com/presentation/d/1QSVWph9gfFSTFGdxIp9p2HX8m0WvXgnJ/edit#slide=id.p17

Lighthouse Quarterly Bond Report Link:  https://drive.google.com/file/d/1a_gks1aspmgoWiphNOl8nQubVX2TE1C8/view?usp=share_link

This presentation details the aggregate Cash Flow and Multi Year Projections for our three LEAs as we will approve our Second Interim Financial report that we will share with OUSD, our charter authorizers.  

• FY 23 Cash Flow Projections
  • Link:  https://docs.google.com/presentation/d/1K-cUxhY1c3f7YIuNN_qr1oV57JlXlrLN/edit#slide=id.g20f6fcd6d76_0_8
• Multi Year and Fund Balance Projections (FY24-FY25)
  • Link:  https://docs.google.com/presentation/d/11YizQ6BSUL60Ibf7ahzWYi8mFJyO3PLP/edit#slide=id.p9

Recommendation:  CEO and Finance Committee recommends approval of our three First Interim Reports.  These reports will also be sent to OUSD. 

Links:

• Lighthouse K-8
  • https://drive.google.com/file/d/1GcIwehwobPWSxTFVRlwuSLP0gc2xJ1cw/view?usp=share_link
• Lighthouse HS
  • https://drive.google.com/file/d/1Dkc9gOlNvXsc-1bB_N5VZW5CF2M6hLjZ/view?usp=share_link
• Lodestar:
  • https://drive.google.com/file/d/1i6x6T3o8SVOFo2hXiknEp51YN95YRlzY/view?usp=share_link

Framing:  

• After approving our compensation increase in the February Board Meeting and reviewing our Second Interim financials, in preparation for June's Budget adoption, we will review the sources that make up LCPS's revenue, and nuances of unrestricted and resticted funding sources>  

Links:

•   https://docs.google.com/presentation/d/10mQL4OpDqzw7PEfjdchbU31rc6Jw4-gP/edit#slide=id.g20fabcad274_1_0

LCPS's Audit Committee has reviewed the 2022 Audited Financials, and recommends approval.  The board approved Audited Financials will be send to OUSD for compliance purposes and will also be a part of our annual bond reporting.  

Links:

• Auditor's letter to LCPS Board of Directors
  • https://drive.google.com/file/d/1spPNouwl7wYosU_v0zg56kG3ADGID1uX/view?usp=share_link
• Final LCPS Audited Financial Statement 2022:
  • https://drive.google.com/file/d/1GpD-6YEKkxUlA5qtR-y4yFJuAofVbWKj/view?usp=share_link

Framing:  The Board of Directors approved the adoption of the Procurement Procedures for Federally Funded Projects - 

Link:

• https://docs.google.com/presentation/d/1h3MwVhiTZjuDC-WCW88rZ8VU5CMVgbQBI7K7ZCNGwZs/edit#slide=id.g210b16cdc63_0_6